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Labour Supply: Falling Short

There are at least 764 million (and counting) reasons to believe that you will be able to find affordable staff for your business in China. As People’s Daily explains:

But despite the big numbers, it is not so simple. In another article People’s Daily reports that:

All those textiles factories and widget makers better be prepared for a more competitive marketplace for staff. And, as previously noted, some may start looking inland, or even overseas, in order to maintain margins. Asia times points to problems that already exist:

Labour shortages [1]will lead to more competition and higher wages. It is no co-incidence that the government has been busy promoting higher added-value activities [2]and services [3] to balance the trend, or that workers’ rights have been gaining ground.

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